Balance of Trade

Balance of trade is the difference between the value of exports and imports of goods and/or services of a country in a specific period. As it measures the difference between exports and imports, it is also referred to as trade balance. Balance of trade is a significant element of national accounting that identifies exports and … Read more

Balance Sheet

Balance sheet is one of the four major financial statements of a company or entity. Balance sheet portraits an entity’s economic and financial status on a given date. It’s a summary of entity’s assets, liabilities and equity on a certain date. It’s like a photograph of an organization’s financial health taken on a specific time. … Read more